Tender Results Announcement

Arada Sukuk Limited

27 October 2026

 

THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIED AS INSIDE INFORMATION WITHIN THE MEANING OF ARTICLE 7(1) OF REGULATION (EU) NO 596/2014 AS IT FORMS PART OF THE UNITED KINGDOM DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (THE "EUWA").

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION DIRECTLY OR INDIRECTLY IN OR INTO, OR TO ANY PERSON LOCATED OR RESIDENT IN, THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS, ANY STATE OF THE UNITED STATES OF AMERICA AND THE DISTRICT OF COLUMBIA) OR TO ANY U.S. PERSON (AS DEFINED IN REGULATION S OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED) OR IN OR INTO ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS DOCUMENT.

27 October 2026

ARADA DEVELOPMENTS LLC ANNOUNCES RESULTS AND ACCEPTANCE OF TENDER OFFER

On 20 October 2026, Arada Developments LLC ("Arada") launched an invitation to holders of Arada Sukuk Limited's outstanding U.S.$411,702,000 in aggregate principal amount of the U.S.$500,000,000 Trust Certificates due 2027 (ISIN: XS2471859251) (the "Existing Certificates") to tender such Existing Certificates for purchase by Arada for cash (such invitation being, the "Offer"), subject to the terms and conditions of the Offer described in a tender offer memorandum dated 20 October 2026 (the "Tender Offer Memorandum").

Capitalised terms used and not otherwise defined in this announcement have the meanings given in the Tender Offer Memorandum.

As of the Expiration Deadline, being 16:00 (London time) on 26 October 2026, U.S.$169,179,000 of Existing Certificates have been validly tendered in the Offer.

Accordingly, Arada has set the Final Acceptance Amount at U.S.$169,179,000 and intends to accept, in full, all validly tendered Existing Certificates for purchase pursuant to the Offer, on the terms and subject to the conditions contained in the Tender Offer Memorandum.

Arada does not currently intend to exercise its Optional Dissolution Call Right, as described in the Tender Offer Memorandum. However, Arada may elect to exercise the Optional Dissolution Call Right in respect of any of the remaining outstanding Existing Certificates at any time in the future and the consent fee in respect of such exercise shall be payable to eligible holders who voted in favour of the consent solicitation (regardless of their participation in the Offer) by no later than the second business day following the date on which the Optional Dissolution Call Right is exercised in accordance with, and as set out in, the consent solicitation memorandum dated 12 August 2026.

Subject to the satisfaction of the conditions of the Offer (including the New Certificates Condition), Arada expects settlement of the Offer to take place on 2 November 2026. Following such settlement, U.S.$242,523,000 in principal amount of the Existing Certificates will remain outstanding.

Dealer Managers

Emirates NBD Bank PJSC Baniyas Road Deira P.O. Box 777 Dubai United Arab Emirates Telephone: [phone] Attention: Debt Capital Markets Email: [e-mail]	Mashreqbank psc (acting through its Islamic Banking Division) Mashreqbank Global Headquarters Al Umniyati Street, Burj Khalifa Community P.O. Box 1250, Dubai United Arab Emirates Telephone: [phone] Attention: Liability Management team Email: [e-mail]
Standard Chartered Bank 7th Floor Building One, Gate Precinct Dubai International Financial Centre P.O. Box 999 Dubai United Arab Emirates Attention: Liability Management Group Email: [e-mail]

Tender and Information Agent

Sodali & Co Ltd
In London The Leadenhall Building 122 Leadenhall Street London EC3V 4AB United Kingdom Telephone: [phone]	In Hong Kong 1401, 14/F 90 Connaught Road Central Sheung Wan Hong Kong Telephone: [phone]
Email: [e-mail]
Transaction Website: https://projects.sodali.com/aradatender

 DISCLAIMER

This announcement must be read in conjunction with the Tender Offer Memorandum. No offer or invitation to acquire or exchange any securities is being made pursuant to this announcement.

This announcement is released by Arada Developments LLC and contains information that qualified or may have qualified as inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 as it forms part of the United Kingdom domestic law by virtue of the EUWA ("MAR"), encompassing information relating to the Offer described above. For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055 as it forms part of the United Kingdom domestic law by virtue of the EUWA, this announcement is made by Mr. Shimmy Mathew, Group Chief Financial Officer of Arada Developments LLC.

 

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